Good news | India became the 7th most valuable nation brand in the world

India became the 7th most valuable nation brand in the world

India has moved up two places to become the seventh most valuable 'nation brand' in the world. Interestingly, it has increased by 19% to reach 2,562 billion dollars in the last 1 year, according to the annual report on the world's most valuable nation brands compiled by Brand Finance.

“The Indian economy was quick to recover after the global financial crisis, with growth now reduced by a recent slowdown in both the manufacturing and construction sectors,” the report added.

With a staggering brand value of $ 27,715 billion, the United States retains the title of the world's most valuable national brand. The US is followed by China, which saw a tremendous increase in its brand value by 40% to $ 19,486 billion in the last 1 year. Germany is third on the list.
Conversely, by registering an impressive growth of 26%, Japan has replaced the UK as the fourth most valuable nation brand. It saw a growth of just 3% from the previous year.

David Haigh, who is the CEO of Brand Finance, said, “Japan is fast becoming a tourism hub, with millions of people each year hoping to soak up the culture and offer to explore the entire country.

With the nation currently hosting the 2019 Rugby World Cup and the Tokyo 2020 Olympics next summer, there is no doubt that we will see an even greater increase in Japan's brand strength in the future. "

Other countries that made it to the top 10 include France, Canada, Italy, and South Korea. While Canada went down one place (7th to 8th), Italy dropped 2 positions (8th to 10th). South Korea, by contrast, was up 1 place from the previous year.

According to the report, 11 of the 20 fastest developing nation brands of 2019 come from the Middle East and Africa.

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